Previous close | 2.4000 |
Open | 2.4000 |
Bid | 2.3900 x 0 |
Ask | 2.4000 x 0 |
Day's range | 2.3800 - 2.4200 |
52-week range | 2.2500 - 2.6800 |
Volume | |
Avg. volume | 32,302,937 |
Market cap | 39.443B |
Beta (5Y monthly) | 0.52 |
PE ratio (TTM) | 12.58 |
EPS (TTM) | 0.1900 |
Earnings date | 23 May 2024 |
Forward dividend & yield | 0.11 (4.38%) |
Ex-dividend date | 17 Nov 2023 |
1y target est | 3.03 |
Singapore Telecommunications posted a 64% drop in full-year net profit on Thursday hit by a S$3.1 billion ($2.30 billion) impairment charge, majority of which relates to its mobile network operation unit Optus. Australia's second-largest telecom company Optus has been marred by multiple setbacks, including a massive network-wide outage in the country, data breaches and steep declines in fixed carriage revenue amid increased capital costs. The non-cash charge comprises a S$2 billion provision on the goodwill of Optus, while S$470 million relates to Optus' enterprise fixed access network assets.
(Reuters) -Singapore Telecommunications' annual net profit more than halved on Thursday, hit by a previously announced S$3.1 billion ($2.30 billion) impairment charge, most of which relates to its Australian unit Optus. Optus, Australia's No.2 telecom operator, has been one of Singtel's biggest investments overseas but it has recently drawn public ire over court cases amid a cyber attack in 2022, a massive network outage and falling carriage revenue on increased costs. The S$3.1 billion charge includes a S$2 billion provision on goodwill of Optus while S$470 million relates to Optus' enterprise fixed access network assets.
Australia's No.2 telco, had in September 2022 faced a massive data breach which exposed customers' personal information, including home addresses, passport and phone numbers. Following the incident, the country's Prime Minister Anthony Albanese called for tougher privacy rules to force companies to notify banks faster when they experience similar data breaches. About 10 million Australians, 40% of the population, are Optus customers and could not use smartphones, broadband internet or landlines for much of the day of the breach.